ALERT - Nasdaq/QQQ getting ready to take out all time high.
- Thread starter FXforex
- Start date
Close shop, escape to bear cave and gorge = close all Longs NOW = first drop will wipe out 23% profit
Staying in beyond this point = higher risk = is akin to your wife coming home 700 pound heavier than yesterday - but you still stay and make love to her. Gross! I wouldn't be surprised
Composite arrives @ Fibonacci confluence
perfect pitchfork on monthly + 423.6% & 261.8% confluence NOW = TODAY
double-top territory applicable NOW as top monthly bar of year 2000 is pierced near 50%
Composite daily with wedge aka EDT with the 5 waves shown with the 5th spilling out
261.8% hit.
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>>>>> Close shop, escape to bear cave and gorge = close all Longs NOW <<<<<
Q.E.D. Done!
>>>> first drop will wipe out 23% profit <<<<
Q.E.D. Done!
In reality 38.2% wiped out of the last upwave from 4-15-2014>>>>> escape to bear cave and gorge <<<<<
good p****, good food, fresh OJ and cheese but no alcohol just yet
Close shop, escape to bear cave and gorge = close all Longs NOW = first drop will wipe out 23% profit
Staying in beyond this point = higher risk = is akin to your wife coming home 700 pound heavier than yesterday - but you still stay and make love to her. Gross! I wouldn't be surprised
Composite arrives @ Fibonacci confluence
perfect pitchfork on monthly + 423.6% & 261.8% confluence NOW = TODAY
double-top territory applicable NOW as top monthly bar of year 2000 is pierced near 50%
Composite daily with wedge aka EDT with the 5 waves shown with the 5th spilling out
261.8% hit.
View attachment 144430 View attachment 144431 View attachment 144431
Alcohol will be added to the bear cave FEST only when\if the following conditions are met:
(1) Composite's August 2014 lows must be taken out decisively - these lows are resting on the shoulders of the March 2014 top = solid support. Break that support decisively and AfterLOS will be bringing out the specially designed surfboard for tsunami surfing.
(2) Then AfterLOS waits for the first upwave and watches to see that the Sept 19 TOP will HOLD, then the tsunami surf begins instantly but with a STOP - then as soon as the low is taken out, the STOP will be removed and the surfing-the-tsunami will be underway in earnest all the way to the bottom of the BEAR, years down the road. STOPs from then on will be at 3% above DAILY bear-rally peaks
For this particular play only one-fourth percent of Capital is deployed for the entire duration as per my new system. One-eighth of Cap will be added at the first 4 bear rally peaks.
Special note: no August low taken out = no surfing the no-tsunami - YET = YAWN
Nasdaq Composite observation: (October 15, 2014 includes data for 14th Oct)
Price now on super-powered slingshot potential = high coefficient of Restitution = Jan 22, 2014 peak
Now throw in the 200-day ema and you've got real slingshot power
Can't rally from here but continues diving? = Bad, bad, bad
Price now on super-powered slingshot potential = high coefficient of Restitution = Jan 22, 2014 peak
Now throw in the 200-day ema and you've got real slingshot power
Can't rally from here but continues diving? = Bad, bad, bad
see quote above = Price now on super-powered slingshot potential = high coefficient of Restitution = Jan 22, 2014 peak
those who watched the circus on CNBC, I watched and had a ball as I watched a move at the same time and flipped to CNBC to lafffffff some more as they just could not understand why such big gyrations were going on, like Dow moved 600 points in under 30 minutes etc.,
well we can look at the Dow elsewhere but here we focus only on Nazzy composite ....
What does the Jan 22 peak = support belong to? I mean, "where is its AXIS?"
Answer: @ 14.6% retracement of the entire run from March 2009 low to 2014 top.
Why 14.6% one might ask?
because 23.6% divided by the golden ratio, 1.618 = 14.6% = significant support.
Nazzy comp. stopped exactly there
YAWN
see quote .......
so is there slingshot power? You better believe it. TRADING for short-term profits is a byproduct of Trend surfing the long-term and is part of the game.
DAILY timeframe = stay SHORT and snore with both eyes closed
Good trend trade points,[AUGUST] not a prediction.Probably will make another HI this year;never[ NOVEMBER ] short tax cutter Republicans/TEA. Not a prediction.ALERT - Nasdaq/QQQ getting ready to take out all time high.
- 4,527/98 ------> 5,048/117
I figure we have a good run to end of year and those highs are reclaimed.
DIA + biggest banks are making good downtrends, in relation to 200 day moving averages, with discretion. In other words in a race to the bottom DIA + biggest banks are downtrending better than QQQ .LOL
re: slingshot power ..... Q.E.D.
yet another 2000 dislikes earned.
STAY SHORT on Daily
Adios, going to my own rental
ALERT - Nasdaq/QQQ getting ready to take out all time high.
- 4,527/98 ------> 5,048/117
I figure we have a good run to end of year and those highs are reclaimed.
Thanks FXForex, nice thread
End of the year approaching so your call still has a chance as there is no completed lower Lo, lower Hi and lower Lo taken out package
No sarcasm intended or implied
Goodluck